Stacks (STX) Price Eyes To Hit $3 With A Breakout Rally?

The post Stacks (STX) Price Eyes To Hit $3 With A Breakout Rally? appeared first on Coinpedia Fintech News

With a jump of 2.86% in the past 24 hours, the cryptocurrency market has successfully crossed the $2.8 Trillion mark. With this, the STX price has maintained its bullish action by recording a positive candle for the 3rd consecutive day.

Concerned if this altcoin will maintain its bullish sentiment and head toward a new yearly high? Or will it retest its lower support levels? In this article, we have covered the possible short-term price targets of the Stacks (STX) crypto token.

STX Price Retests Its Important Resistance Level!

With a jump of ~11% in the past 24 hours, the Stacks price has successfully reclaimed the $2 mark. Notably, this altcoin has surged 33.38% over the past week and 12.43% during the past month. With a market cap of $2.988 billion, it has secured the 35th position.

TradingView: STX/USDT

The EMA 50/200-day is on the verge of experiencing a Golden Cross in the daily time frame. This highlights an increase in the bullish sentiment for the altcoin in the crypto market.

On the other hand, the MACD indicator displays a constant rise with a positive crossover in its averages. With this, the altcoin may continue gaining value in the upcoming time.

Will Stacks Price Hit $3 This November?

If the bullish sentiment sustains in the crypto space, the STX coin price could retest its resistance level of $2.135. Maintaining the price above that level could set the stage for it to head toward its upper resistance level of $2.605 this month.

On the flip side, if the bears regain momentum, the Stacks price may plunge toward its support level of $1.675. Further, if the bears maintain dominance over the bulls, this could result in this altcoin retesting its lower support level of $1.230.

To explore the long-term price possibilities of this cryptocurrency, Read our Stacks (STX) Price Prediction 2024 – 2030!

FAQs